$2,307,692
Commercial Property for Sale in Sierra Vista Arizona 85635
Sierra Vista, Arizona
Soft OfferCommercial Property for Sale in Sierra Vista Arizona 85635
3899 El Mercado Loop, Sierra Vista, Arizona 85635
$2,400,000
$471 / sq ft 6.25% cap rate Listed Sep 3, 2024
5,100 sqft
Building
5,100 sqft
Lot
2003
Built
1
Stories
1
Units
Class B
Class
About this property
Commercial Property for Sale in Sierra Vista Arizona 85635 is a retail for sale in Sierra Vista, Arizona, listed at $2,400,000. Key details: year built 2003, building size 5,100 sqft, lot size 5,100 sqft, stories 1. Listed by Tim Westfall of Echo West Capital Advisors on LoopingCloud and last updated September 3, 2024.
This property offers a secure, hands-off investment with over 9 years remaining on an Absolute NNN lease, including 10% rental increases every 5 years. Applebee’s has operated at this location for over 20 years and recently extended their lease for another decade, signaling long-term commitment.
Backed by RMH Franchise, the second-largest Applebee’s franchisee with 132 locations, this property benefits from its prime location adjacent to The Mall at Sierra Vista, a 400,000+ SF retail hub. Situated on a heavily trafficked intersection with 34,000 vehicles passing daily, the 5,100 SF building enjoys excellent visibility on a 1.79-acre parcel.
Located in Sierra Vista, the largest city in Southeastern Arizona, the property is surrounded by major retailers and boasts strong demographics, with over 50,000 residents within 5 miles and an average household income exceeding $80,000. Historically a high-performing site for Applebee’s, this location offers stable, long-term cash flow with strong operating metrics.
Key highlights
- Net Lease Investment
- Brand/Tenant Applebee's
- Lease Term 30 years
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 2003
- Building Size
- 5,100 sqft
- Lot Size
- 5,100 sqft
- Stories
- 1
- Total Units
- 1
- Building Class
- Class B
- Property Status
- Normal Sale
- Building Status
- Existing
- Net Lease Investment
- Yes
Pricing details
- Net Operating Income
- $150,000
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
6.25%
Cap rate
$150,000
Net operating income
$471
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,400,000 | 6.25% | - | - | - |
Features and amenities
Prominent Tenants
- Brand/Tenant Applebee's
- Lease Term 30 years
Highlights
- Offering features 9+ years of firm term remaining with 10% increases every 5 years including an upcoming rental bump in 2028, which provides the prospective investor with long-term, low risk cash flow.
- Offering features a truly passive absolute NNN lease structure with zero landlord responsibilities, making this an ideal, hands-off investment for any future owner.
Location
Address as shown by the lister.
Get directionsAbout this area - Sierra Vista
- Population
- 28,936
- Housing units
- 13,482
- Land area
- 171.5 sq mi
- County
- Cochise
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
1 file to downloadLinks
1 linkFrequently asked questions
What is the asking price of Commercial Property for Sale in Sierra Vista Arizona 85635?
Commercial Property for Sale in Sierra Vista Arizona 85635 is listed at $2,400,000. That works out to about $471 per square foot. The stated cap rate is 6.25%.
Where is Commercial Property for Sale in Sierra Vista Arizona 85635 located?
The property is in 3899 El Mercado Loop, Sierra Vista, Arizona 85635, Cochise County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 5,100 sqft. The lot is 5,100 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Tim Westfall of Echo West Capital Advisors listed this property. Use the Request Info button to send a message or call (602) 628-6298.
When was this listing published?
It was published on September 3, 2024 and last updated on September 3, 2024.
Listing information
- Listing ID
- CL-Arizona-11679
- Published
- Sep 3, 2024
- Last updated
- Sep 3, 2024
- Views
- 284
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